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Oil prices surge amid Libya outages

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Oil prices rose as reports of outages in Libya intensified concerns over supply risks.

The West Texas Intermediate for May delivery added 1.26 USD, or 1.2%, to settle at 108.21 USD a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased by 1.46 dollars, or 1.3%, to close at 113.16 dollars a barrel on the London ICE Futures Exchange.

Meanwhile, Libya’s National Oil Corporation on Monday declared force majeure on the Al-Sharara oilfield, a key oilfield in the country, citing pressure on workers.

The company had earlier declared a state of force majeure on the oil port of Zueitina and warned of “a painful wave of closures,” after saying it had halted production at another field, El Feel.

Libya outages coupled with the ongoing Ukraine crisis deepened fears about tight supplies, experts noted.

 

CGTN/Olajumoke Adeleke

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Nigeria: Muslims attack cathedral, partially burn church, bishop says ‘This has nothing to do with religion’

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Right. And I’m the Sarkin Zongo of Kumasi. It would be interesting to see Kukah try to explain exactly how this has nothing to do with religion. The Muslim mob didn’t burn mosques. Why did it target a cathedral and a church? Why was Deborah Samuel killed in the first place?

“Catholic cathedral attacked in Nigeria after arrests over ‘blasphemy’ killing,” CNA, May 15, 2022:

A mob has attacked a Catholic cathedral in Nigeria amid protests demanding the release of two suspects in the killing of a Christian student.

The Diocese of Sokoto said in a statement that youths targeted Holy Family Catholic Cathedral in Sokoto, north-west Nigeria, after police arrested two students in connection with the murder of Deborah Samuel.

Samuel, a student at Shehu Shagari College of Education in Sokoto, was beaten and burned on May 11 after being accused of posting “blasphemous” statements about Islam in a WhatsApp group.

The Sokoto diocese said: “The Sokoto State Government has declared a 24-hour curfew to help stem the ongoing protests embarked upon by Muslim youth in the state capital today.”

“During the protest, groups of youths led by some adults in the background attacked the Holy Family Catholic Cathedral at Bello Way, destroying church glass windows, those of the Bishop Lawton Secretariat and vandalized a community bus parked within the premises.”

“St. Kevin’s Catholic Church, Gidan Dere, Eastern By-pass, was also attacked and partly burnt; windows of the new hospital complex under construction, in the same premises, were shattered.”

“They were promptly dispersed by a team of mobile policemen before they could do further damage.”

“The hoodlums also attacked the Bakhita Centre located along Aliyu Jodi Road and burnt down a bus within the premises.”

Sokoto Bishop Matthew Hassan Kukah thanked state governor Aminu Tambuwal for imposing the curfew to quell protests, as well as the security forces for preventing further damage to diocesan facilities….

Kukah, who has led the Sokoto diocese since 2011, expressed “deep shock” at the “gruesome murder” of Samuel in a May 11 statement….

He went on: “This has nothing to do with religion. Christians have lived peacefully with their Muslim neighbors here in Sokoto over the years. This matter must be treated as a criminal act and the law must take its cause.”…

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City of Tshwane saves R100m by ending office rents

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City of Tshwane saves R100m by ending office rents

The City of Tshwane saved itself R100 million by terminating leases when merging and relocating some departments.

Relocation to ensure operational efficiency

New York City business and sharing service MMC, Kingsley Wakelin, said some departments and workers are being moved to other buildings within the subway.

The relocation process, led by City Group Properties, will also help reduce rental costs, he said.

This will ensure operational efficiency while optimizing productivity to improve customer service.

“Over the past 12 to 20 years, the city has occupied various leased buildings at high costs due to higher-than-inflation lease escalation rates,”

Wakelin said.

So far, the City has terminated nine leases as part of that process.

Employees were transferred to the Middesad building, the lease of which was obtained through a competitive process.

He said the Middesad building now houses several city departments such as:

  • Economic Development and Spatial Planning Division
  • Ministry of Energy and Power
  • Group Financial Services

In addition, the building provides customer services such as building control, urban planning and revenue customer service.

“The Middestad building is located on Thabo Sehume Street in Pretoria CBD. It is within walking distance to various transport networks, Pretoria and Hauteren stations,”

Wakelin said.

Relocating to other TSHWANE buildings

Additionally, as part of the office relocation process, Supply Chain Management Officers from the Procurement and Demand Management Department were also relocated to the Tshwane Building, the city headquarters.

Plans are already underway to relocate the licensing services from a leased building to the municipally owned C de Wet building.

“The relocation has already resulted in an annual saving of R100 000 000 in office rent. The municipality will continue to take other measures to reduce rental costs,”

Wakelin said.

How Smart Metered Cities Deliver Affordable Services

Meanwhile, the city of Tshwane earlier this week announced progress in its ongoing rollout of smart meters.

The city is replacing traditional electricity meters in all households in Tshwane with new smart prepaid electricity meters.

Also read: Tshwane smart meter rollout shows huge progress

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